FEATURED MARKET DATA
Core Inflation Moderating
Though the path to lower inflation has been somewhat bumpy, the trend in Core PCE (Personal Consumption Expenditures), the Fed’s preferred measure of inflation, continues downward. Year-over-year growth in Core PCE declined to 2.8% in February.
by Laura Fox PMA Financial Network, LLC Welcomes Travis Zander, CPA, as Coordinator, Sales and Relationship Management
PMA, a premier full-service provider of financial and advisory services to local governments, is pleased to announce that Travis Zander, CPA has joined the team as Coordinator, Sales and Relationship Management.
by Laura Fox PMA Asset Management Welcomes Brandon Swensen, CFA, as Senior Portfolio Manager
PMA Asset Management, a growing SEC registered investment advisor offering investment advisory services to government entities, insurance companies and other institutional investors, is pleased to announce the addition of Brandon Swensen, CFA, as Senior Vice President – Senior Portfolio Manager.
by Laura Fox FEATURED MARKET DATA
Economic Growth Propels Stocks
Strong economic data helped lift the S&P 500 by 5.17% in February as markets also priced in a Federal Reserve that may be slower to cut rates. The Citi Surprise Index, which compares forecasted economic data to reported data, rose in early February on higher employment and inflation data.
by Laura Fox View Full List of 2024 Articles
by Laura Fox PMA/MOCAAT Achieves Significant Milestone – Reaching $3B in Fund Assets
PMA, a premier full-service provider of financial and advisory services to local governments, along with the Missouri Capital Asset Advantage Treasury (MOCAAT), achieved a significant milestone by reaching $3 billion in assets in MOCAAT and its Fixed Rate Investment Program as of February 7, 2024.
by Laura Fox FEATURED MARKET DATA
Economic Growth Continues
The Federal Reserve referenced the “evolving” economic outlook in a statement following its January 31st meeting in a nod to stronger growth and the potential impact on the path of interest rates. Prior to the meeting, the Bureau of Economic Analysis announced the “advance” estimate of GDP increased at an annual rate of 3.3% in the fourth quarter of 2023.
by Laura Fox Haley Treba Joins the PMA and WISC Team
PMA, a premier full-service provider of financial and advisory services to local governments, is pleased to announce that Haley Treba has joined the team as Institutional Investment Specialist. She will partner with the Wisconsin Investment Series Cooperative (WISC) to serve public entities, including school districts, municipalities, counties and technical colleges, throughout the state of Wisconsin, assisting with day-to-day operations for WISC Participant accounts.
by Laura Fox FEATURED MARKET DATA
Markets Rally on Dovish Fed
Stocks and bonds continued to rally in December resulting in strong returns for equity and fixed income markets in 2023. Favorable economic data increased expectations in early December that the Fed would begin to pivot toward lower rates. Fed officials confirmed this at the December Fed meeting as the Summary of Economic Projections showed three 0.25% rate cuts expected in 2024.
by Laura Fox As we enter the second half of 2023, the economy has remained surprisingly resilient despite the massive tightening in monetary policy and higher borrowing costs.
by Laura Fox 